Halper Sadeh LLC Is Investigating Whether SILA and LSTA Are Obtaining Fair Deals for Their Shareholders
- On Monday, American Express announced an agreement to sell its 30% stake in Global Business Travel Group to Long Lake Management for $6.3 billion.
- Venture capital firm General Catalyst and alternative asset management firm Alpha Wave back the transaction, with existing owners Expedia, Qatar, and BlackRock also agreeing to participate in the sale.
- Amex expects to reap $1.5 billion from the divestiture, while a spokesperson confirmed Monday the company will retain its major leisure travel agency business.
- GBTG will transition to a private company upon deal closure by year-end 2026, with Amex stating the sale leaves "current brand licensing and commercial agreements" unchanged.
- While Amex has operated in travel for more than 100 years, the company is now focusing its corporate travel strategy on core strengths including cards, payments, and expense management.
24 Articles
24 Articles
American Express Global Business Travel Going Private in $6.3 Billion Deal
American Express Global Business Travel (Amex GBT) is being taken private after Long Lake Management agreed to acquire the company for around $6.3 billion, according to an announcement on March 4. Amex GBT is managed by Global Business Travel Group (GBTG), whose stock jumped 57.5 percent, to $9.34, the same day as more than 81 million shares were traded. “General Catalyst and Alpha Wave, among Long Lake’s world-class investors, have backed some …
Halper Sadeh LLC is Investigating Whether SILA and LSTA are Obtaining Fair Deals for their Shareholders
Insiders may stand to receive substantial financial benefits not available to ordinary shareholders. The proposed transactions may contain terms that could limit superior competing offers. Shareholders are encouraged to contact the firm to discuss their rights and options at no cost or obligation. We would handle any matter on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses. N…
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